Netflix Earnings Expectations Prompt Bull To Revise Stock View: 'Expect Growth To Accelerate Next Year...'
Portfolio Pulse from Benzinga Neuro
UBS analyst John Hodulik has revised his target price for Netflix Inc. (NASDAQ:NFLX) from $525 to $500, maintaining a Buy rating. Hodulik expects Netflix's growth to accelerate next year due to benefits from the clampdown on password sharing and the introduction of ad-supported streaming. Despite a 21% increase in the stock’s value this year, it has seen a significant drop from over $450 in July due to investors’ disappointment over cautious remarks on margins and subscriber growth.
October 17, 2023 | 3:41 am
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Netflix's stock price may be affected by the revised target price and the expected growth acceleration next year.
The revised target price by UBS analyst John Hodulik may affect investor sentiment towards Netflix, potentially impacting the stock price. Additionally, the expected growth acceleration next year could also influence the stock's performance.
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